Following a string of high-profile scandals, the cryptocurrency industry has faced skepticism and mistrust. This reputational crisis has made it difficult for firms to attract the very people who could help resolve it: legal and compliance personnel.
Prior to the recent downturn in crypto enthusiasm, firms could easily poach legal professionals from other industries with higher pay and better perks. However, the collapse of FTX and a general distrust of the industry have made these roles much less appealing.
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